The Mexican manufacturing sector is rapidly expanding. The development of new and existing industries, paired with increased investments from foreign national companies, is driving a significant increase in the need for disposal of industrial waste.
Scorpex Inc., an emerging industrial, hazardous and toxic waste disposal service provider, aims to capitalize on this need as it executes its strategy to become a recognized leader in the waste disposal industry in the Baja Mexico/California region. Future plans include expanding to other locations.
The company recently inked a $30 million major equipment deal with Kentucky-based International Environmental Technologies Inc. (IET), in which Scorpex will purchase IET’s waste gasification/thermal oxidation equipment as well as acquire a license to use the technology.
IET will install the equipment and train supervisory personnel to operate and maintain the equipment, and will back the deal with a warranty for equipment installed. Scorpex will also receive a set of spare parts and issue certificates of completion.
Running at full capacity, Scorpex’s IET plant will be capable of processing 800 tons of hazardous and industrial waste each day. IET’s gasification process eliminates 99.9 percent of all combustible waste without any harmful emissions or odor, eliminating the problem of animals and insects scavenging through the waste.
The contract is a key step in Scorpex’s mission to establish its first waste disposal and processing plant outside Ensenada, Mexico, which according to the company, is on track to commence full operations ahead of schedule.
For more information, visit www.scorpex.com
About MissionIR:
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
